When Farmers Raise Hogs,there Are a Number of External Costs

question 185

Multiple Choice

When farmers raise hogs,there are a number of external costs.In particular,hogs generate methane gas.Without government regulation:

• A)too few hogs will be raised.
• B)the price of hogs will be less than the marginal social cost of the last hog sold.
• C)the price of hogs will be less than the marginal benefit of the last hog sold.
• D)the price of hogs will be less than the marginal cost of the last hog sold to the hog farmer who sold it.

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